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27.07.2016 14:50:00
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Moody's: Colombia's banking system outlook revised to negative as low oil weighs, business volumes slow
Mexico, July 27, 2016 -- Moody's Investors Service has revised its outlook for the Colombia banking system to negative from stable, reflecting the expectation business volumes will slow and asset risks will rise as low oil prices continue to weigh on the economy. The resulting decline in profitability will reduce banks' capacity to bolster their weak capital levels through retained earnings.
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